Here's how much Google's parent company, Alphabet, earned per second in first 3 months of 2024
10 months ago

Here's how much Google's parent company, Alphabet, earned per second in first 3 months of 2024

India TV News  

Here's how much Google's parent company, Alphabet, earned per second in first 3 months of 2024 Google's parent company, Alphabet, net profit dropped in 2022 due to various factors. According to a report on Tuesday, Google's parent company's net income increased by 615 percent over the past decade, which is 8 times more than Apple's and twice as much as Microsoft's. According to Statista and the official company data, Alphabet's net income for the three months ending on March 31, 2024, was USD 23.6 billion, which is 57% higher than the same period a year before. In addition to reaching an all-time high in net income, Google's parent company added $USD 430 billion to its stock value year-to-date, as mentioned in the report.

Google Company Alphabet Net Parent Usd Net Income  second  2024  earned  company  growth  parent  heres  usd  increased  alphabet  months  net  google  income  googles

History of this topic

Alphabet share price dips 5% this week. Erodes $200 billion Mcap of Google brand owner
1 month, 2 weeks ago

Alphabet share price dips 5% this week. Erodes $200 billion Mcap of Google brand owner

Live Mint  

The multinational technology conglomerate and Google's holding company, Alphabet Inc., shares have lost 5 per cent this week, wiping off nearly $200 billion in market capitalisation, according to stock market data. The results showed that the company's growth slowed down in the Cloud segment compared to the market expectations, and the massive spending structure upset stock market investors as the …

Google shares slide on spending plans despite sales jump
1 month, 2 weeks ago

Google shares slide on spending plans despite sales jump

Raw Story  

by Alex PIGMAN Google's parent company Alphabet on Tuesday reported revenue jumped in the recently-ended quarter, but shares sank on concerns it may be pouring too much money into artificial intelligence. "We are pushing the next frontiers from AI agents, reasoning and deep research to state-of-the-art video, quantum computing and more," Alphabet chief executive Sundar Pichai said during an earnings …

Alphabet's Strong Performance Offers Clues for the Future of Google
4 months, 3 weeks ago

Alphabet's Strong Performance Offers Clues for the Future of Google

Live Mint  

Google's Q3 results show strong performance, with revenue and operating income exceeding Wall Street expectations. The company's cloud-computing operation, Google Cloud, saw significant growth, while its services segment generated a healthy profit despite some concerns about AI spending. Despite the challenges posed by antitrust cases, Alphabet is committed to delivering a robust bottom line and maintaining its status as a …

Alphabet beats sales estimates on Google Cloud growth, revenue jumps to $74.6 billion and shares rise 5%
4 months, 3 weeks ago

Alphabet beats sales estimates on Google Cloud growth, revenue jumps to $74.6 billion and shares rise 5%

Live Mint  

Google parent Alphabet Inc. reported third-quarter sales that climbed more than analysts expected, helped by robust demand for cloud computing services from companies racing to develop or adopt artificial intelligence. “In cloud, our AI solutions are helping drive deeper product adoption with existing customers, attract new customers and win larger deals,” Alphabet Chief Executive Officer Sundar Pichai said in the …

Google's AI-Fueled Profits Continue Despite Regulatory Threats
Trending News
4 months, 3 weeks ago

Google's AI-Fueled Profits Continue Despite Regulatory Threats

Associated Press  

Google's financial performance remains strong despite challenges from AI and regulatory scrutiny. The company's profits and revenue increased due to its moneymaking machine powered by its search engine, but this is primarily attributed to the AI investments. The company is facing legal challenges from the US Department of Justice and Virginia state authorities regarding its search engine and digital advertising …

Google’s corporate parent still prospering amid shift injecting more AI technology in search
7 months, 3 weeks ago

Google’s corporate parent still prospering amid shift injecting more AI technology in search

Associated Press  

SAN FRANCISCO — Google’s corporate parent Alphabet Inc. delivered another quarter of steady growth amid an AI-driven shift in the ubiquitous search engine that is the foundation of its internet empire. Although the change sparked fear and outrage among online publishers worried their traffic will plummet, Google is still thriving and propelling Alphabet’s success. That division, Google’s fastest growing segment, …

Alphabet surpasses USD 2 trillion market cap: All you need to know
10 months, 3 weeks ago

Alphabet surpasses USD 2 trillion market cap: All you need to know

India TV News  

Alphabet Inc., the parent company of Google has reportedly reached a milestone by closing more than USD 2 trillion market capitalization for the first time in its lifetime. As per the report, Alphabet's stock reportedly surged by 10 per cent to USD 171.95, marking it as the largest one-day gain since its inception. Joining elite company Alphabet's achievement has placed …

Microsoft, Google post double-digit profit rises, boosting case for AI
10 months, 3 weeks ago

Microsoft, Google post double-digit profit rises, boosting case for AI

Al Jazeera  

Google and Microsoft have reported double-digit profit increases, buttressing the case for the tech giants’ heavy investment in artificial intelligence. The quarterly results announced on Thursday by Google parent Alphabet and Microsoft came in ahead of expectations, sending their shares 11 percent and 4 percent higher, respectively, in after-market trades. Google chief Sundar Pichai said AI text-to-image model Gemini had …

Google parent reports another quarter of robust growth, rolls out first-ever quarterly dividend
10 months, 3 weeks ago

Google parent reports another quarter of robust growth, rolls out first-ever quarterly dividend

Associated Press  

Google’s corporate parent Alphabet Inc. on Thursday released a quarterly report showing it’s still reaping double-digit revenue gains from its digital advertising empire while sowing potentially lucrative new ground in artificial intelligence. Alphabet punctuated its renewed vigor by also disclosing plans to begin paying shareholders a quarterly dividend for the first time since since Google went public 20 years ago. …

Google parent reports another quarter of accelerating growth and its stock price soars
10 months, 3 weeks ago

Google parent reports another quarter of accelerating growth and its stock price soars

LA Times  

The logo for Alphabet appears on a screen at the Nasdaq MarketSite in New York. Google’s corporate parent, Alphabet Inc., on Thursday released a quarterly report showing it’s still reaping double-digit revenue gains from its digital advertising empire while sowing potentially lucrative new ground in artificial intelligence. As has been the case since the company went public 20 years ago, …

Google Being Penny Wise, Pound Foolish: Spent over $2bn laying people off in 2023, $700mn in 2024
1 year, 1 month ago

Google Being Penny Wise, Pound Foolish: Spent over $2bn laying people off in 2023, $700mn in 2024

Firstpost  

Google spent a substantial $2.1 billion on severance packages and associated costs while downsizing its workforce by over 12,000 employees throughout 2023, as per a report by The Verge. Key contributors to this growth were Google’s core digital advertising and cloud computing businesses, which demonstrated consistent expansion, attributed by CEO Sundar Pichai to investments in generative AI. Despite the layoffs, …

Google spent ₹17,500 crore to lay off 12,000 employees
1 year, 1 month ago

Google spent ₹17,500 crore to lay off 12,000 employees

Hindustan Times  

Google incurred $2.1 billion in severance and related expenses during its 2023 layoffs, which affected over 12,000 employees. Alphabate posts double-digit revenue growth in 4th quarter Google's parent company reported a noteworthy return to double-digit revenue growth in the last quarter of the previous year, with a boost from video-sharing platform YouTube and its cloud computing unit. The results, announced …

Google parent Alphabet ad revenue disappoints, CapEx up; shares sink 6%
1 year, 1 month ago

Google parent Alphabet ad revenue disappoints, CapEx up; shares sink 6%

Live Mint  

Alphabet disappointed Wall Street on Tuesday as holiday-season advertising sales came in below expectations and the company said its spending on items such as servers to power artificial intelligence would jump this year. "Alphabet's disappointing ad revenue numbers suggest that corporations worldwide are still uncertain about the pace of interest rate cuts from global central banks," said Thomas Monteiro, an …

Google’s parent posts double-digit revenue growth in 4th quarter, but ad sales rise at slower pace
1 year, 1 month ago

Google’s parent posts double-digit revenue growth in 4th quarter, but ad sales rise at slower pace

Associated Press  

SAN FRANCISCO — Google’s corporate parent returned to double-digit revenue growth during last year’s final quarter, signaling the internet powerhouse has regained its footing even as it grapples with regulatory and competitive threats to its digital empire. The results announced Tuesday by Alphabet Inc. marked the third consecutive quarter of escalating revenue growth for the Mountain View, California, company, with …

Google-parent Alphabet's cloud division misses revenue estimates, as Microsoft’s cloud booms
1 year, 4 months ago

Google-parent Alphabet's cloud division misses revenue estimates, as Microsoft’s cloud booms

The Hindu  

Google-parent Alphabet's cloud business crawled to its slowest in 10 quarters, sending the company's stock down 5.7% after hours, even as sales at rival Microsoft's cloud unit boomed. The drop in Google’s share price despite beating Wall Street estimates for profit and sales, shows how much investors want the company to deliver gains in artificial intelligence, and shows the cloud …

Alphabet Q3 result: Google Cloud miss overshadows earnings, shares fall over 5%
1 year, 4 months ago

Alphabet Q3 result: Google Cloud miss overshadows earnings, shares fall over 5%

Live Mint  

Google-parent Alphabet's cloud business missed revenue estimates, leading the company's share price to fall over 5% after hours. Google Cloud third-quarter revenue rose 22.5% to $8.41 billion, while it posted operating income of $266 million, compared with an operating loss of $440 million a year ago. By contrast, revenue from Microsoft's Intelligent Cloud unit, which houses the Azure cloud computing …

Google’s ad sales growth accelerated in 3Q, but investors are unimpressed with the performance
1 year, 4 months ago

Google’s ad sales growth accelerated in 3Q, but investors are unimpressed with the performance

Associated Press  

SAN FRANCISCO — Google’s digital advertising sales growth accelerated during the summer, advancing a recent revival that helped its corporate parent Alphabet Inc. to deliver a quarterly profit that exceeded analysts’ projections. The third-quarter results released Tuesday for the July-September period included a 9% increase in Google’s ad sales from the same time last year. The upturn was even better …

Google-parent Alphabet reports better than expected earnings
1 year, 10 months ago

Google-parent Alphabet reports better than expected earnings

Live Mint  

Alphabet Inc on Tuesday reported first quarter revenue above analysts’ estimates on higher demand for cloud services and better than expected ad sales. Alphabet reported revenue for the March quarter at $69.79 billion, higher than analysts’ forecasts. Ad sales at Google’s YouTube video site declined 2.5% in March quarter from last year period. Alphabet’s net income stood at $15 billion, …

Google Ad Revenue Expected to Drop for Second Straight Quarter
1 year, 10 months ago

Google Ad Revenue Expected to Drop for Second Straight Quarter

Live Mint  

Google is expected to report a second straight drop in advertising revenue, extending a rare decline as the company battles economic uncertainty and tries to capitalize on recent advances in artificial intelligence. Alphabet Inc., Google’s parent company, is expected to report $53.7 billion in ad revenue for the first quarter, a drop of 1.8% from the same period last year, …

Google shares drop $100 billion after its new AI chatbot makes a mistake
2 years, 1 month ago

Google shares drop $100 billion after its new AI chatbot makes a mistake

NPR  

Google shares drop $100 billion after its new AI chatbot makes a mistake Enlarge this image toggle caption Dan Kitwood/Getty Images Dan Kitwood/Getty Images Google's parent company, Alphabet, lost $100 billion in market value on Wednesday after its new artificial intelligence technology produced a factual error in its first demo. In the fateful ad that ran on Google's Twitter feed …

Alphabet posts lower Q4 profit amid ad squeeze, competition
2 years, 1 month ago

Alphabet posts lower Q4 profit amid ad squeeze, competition

Associated Press  

Google’s parent company Alphabet on Thursday posted lower profit and a small revenue increase for last year’s fourth quarter, as a decline in online ad spending and competition from rivals weigh on the search giant. Alphabet, like Facebook parent Meta, Amazon and other tech companies, is navigating a rough economic patch that’s especially hurting the online advertising market. In response …

Google parent company Alphabet announces nearly 12,000 job cuts worldwide
2 years, 2 months ago

Google parent company Alphabet announces nearly 12,000 job cuts worldwide

Hindustan Times  

Google's parent company Alphabet announced about 12,000 job cuts globally on Friday, becoming the latest US tech giant to enact large-scale restructuring. "We've decided to reduce our workforce by approximately 12,000 roles," Alphabet CEO Sundar Pichai said in an email to employees. "We've decided to reduce our workforce by approximately 12,000 roles," Alphabet CEO Sundar Pichai said in an email …

Google's Parent Firm Alphabet To Cut 12,000 Jobs Globally: Report
2 years, 2 months ago

Google's Parent Firm Alphabet To Cut 12,000 Jobs Globally: Report

ABP News  

After Meta, Twitter and Amazon, Google's parent company Alphabet has announced its plans to cut roughly 12,000 jobs. The job cuts across Alphabet will impact employees globally and across the entire company, company CEO Sundar Pichai told employees in an email on Friday. The reductions will cut across Alphabet units and geographies, the company said, though some areas, including recruiting …

Google parent Alphabet to cut 12,000 jobs, over 6% of its global workforce
2 years, 2 months ago

Google parent Alphabet to cut 12,000 jobs, over 6% of its global workforce

Live Mint  

Google parent Alphabet Inc on Friday announced 12,000 job cuts, more than 6% of its global workforce, becoming the latest tech giant to retrench after years of abundant growth and hiring. The cuts will affect jobs globally and across the entire company, its Chief Executive Officer Sundar Pichai said in a staff memo on Friday. Pichai said Alphabet would be …

Alphabet links more of CEO Pichai's pay to performance
2 years, 2 months ago

Alphabet links more of CEO Pichai's pay to performance

The Hindu  

Google-parent Alphabet Inc said on Wednesday it had approved a new equity award for Chief Executive Officer Sundar Pichai that ties more of his pay to performance. The board recognises Pichai's "strong performance" as CEO, the company said, adding that the vesting of a significant portion of the award would depend on Alphabet's total shareholder return relative to other S&P …

Alphabet To Slash Headcount Growth By Half In Q4 As Revenue Grows At Slowest Pace
2 years, 4 months ago

Alphabet To Slash Headcount Growth By Half In Q4 As Revenue Grows At Slowest Pace

ABP News  

Sundar Pichai, chief executive officer of Alphabet, has said that his firm is planning to scale down the rate of hiring in Q4 of 2022 and for 2023 as the tech giant’s Q3 revenue grew at its slowest pace in more than two years, reported by CNBC. Shares of Alphabet sank about 7 per cent in extended trading on Tuesday …

Google parent Alphabet's miss fans inflation fears across digital advertising
2 years, 4 months ago

Google parent Alphabet's miss fans inflation fears across digital advertising

The Hindu  

Google parent Alphabet Inc.'s disappointing ad sales sparked worries across the digital media sector on Tuesday as advertisers cut back on their spending in the face of an economic slowdown. The negative results shattered many expectations that Google, which is the world's largest digital advertising platform by market share, would remain strong in a weakening economy and reinforced worries on …

Google’s ad sales slow dramatically, eroding parent’s profit
2 years, 4 months ago

Google’s ad sales slow dramatically, eroding parent’s profit

Associated Press  

SAN FRANCISCO — Summertime revenue growth at Google’s corporate parent slipped to its slowest pace since the pandemic jarred the economy more than two years ago, with advertisers clamping down on spending and bracing for a potential recession. Alphabet Inc., which owns an array of smaller technology companies in addition to Google, on Tuesday posted revenue of $69.1 billion for …

Google-parent Alphabet misses estimates for quarterly revenue
2 years, 4 months ago

Google-parent Alphabet misses estimates for quarterly revenue

Live Mint  

Google parent Alphabet Inc missed Wall Street estimates for quarterly revenue on Tuesday as advertisers cut back on their spending in the face of an economic slowdown. Last week, smaller rival Snap Inc's slowest-ever revenue growth rate sent inflation fears through tech sector and temporarily wiped out $40 billion in market capitalization. Google's advertising revenue was $54.48 billion in the …

YouTube wipes $7.6bn off owner Alphabet
2 years, 4 months ago

YouTube wipes $7.6bn off owner Alphabet

The Telegraph  

Google’s parent company suffered a sharp fall in its share price after revealing the first ever decline in advertising revenues at its YouTube video streaming service. It came as Microsoft revealed a slowdown in sales in its cloud computing arm, and the music streaming service Spotify announced that advertising revenue was growing more slowly than expected. We’re working to realign …

Alphabet’s revenue miss fans fears of economic slowdown
2 years, 4 months ago

Alphabet’s revenue miss fans fears of economic slowdown

Al Jazeera  

The negative results reinforced worries that inflation will continue to hurt advertising spending. Google parent Alphabet Inc has missed Wall Street estimates for quarterly revenue as advertisers cut back on spending in the face of an economic slowdown. Last week, smaller rival Snap Inc’s slowest-ever revenue growth rate sent inflation fears through the tech sector and temporarily wiped out $40bn …

Google’s parent reports slowest quarterly growth in 2 years
2 years, 7 months ago

Google’s parent reports slowest quarterly growth in 2 years

The Hindu  

Google’s revenue growth during the past quarter decelerated to its slowest pace in two years as advertisers reined in their spending amid intensifying fears of an economic recession. YouTube’s ad revenue rose by 5% from the previous year during the second quarter, the lowest rate of year-over-year quarterly growth since Alphabet began to disclose the video site’s financial results in …

Google’s parent reports slowest quarterly growth in 2 years
2 years, 7 months ago

Google’s parent reports slowest quarterly growth in 2 years

Associated Press  

SAN FRANCISCO — Google’s revenue growth during the past quarter decelerated to its slowest pace in two years as advertisers reined in their spending amid intensifying fears of an economic recession. YouTube’s ad revenue rose by 5% from the previous year during the second quarter, the lowest rate of year-over-year quarterly growth since Alphabet began to disclose the video site’s …

Google's parent reports slowest quarterly growth in 2 years
2 years, 7 months ago

Google's parent reports slowest quarterly growth in 2 years

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Google’s revenue growth during the …

Google parent suffers 1Q growth slowdown, profit decline
2 years, 10 months ago

Google parent suffers 1Q growth slowdown, profit decline

Associated Press  

SAN RAMON, Calif. — Google’s corporate parent on Tuesday posted its slowest quarterly revenue growth since 2020, the latest sign that the huge gains enjoyed by technology companies during the pandemic are fading into the rear-view mirror. Google’s ad sales totaled $54.7 billion, during the first quarter, a 22% increase from the same time last year. Ruth Porat, Alphabet’s chief …

Google parent Alphabet misses estimates on YouTube, Europe ads
2 years, 10 months ago

Google parent Alphabet misses estimates on YouTube, Europe ads

Al Jazeera  

Google parent Alphabet Inc. reported first-quarter revenue that fell short of analysts’ expectations, a rare miss for the technology giant reflecting slower ad sales in Europe and a lackluster performance by its YouTube video service. Google’s second-largest business line, its network system that runs ads elsewhere on the web, was likely limited by new regulations in Europe that restricted ad …

Google Is Going To Invest $9.5 Billion For Offices, Data Centers In US This Year
2 years, 11 months ago

Google Is Going To Invest $9.5 Billion For Offices, Data Centers In US This Year

News 18  

– Alphabet Inc's Google said on Wednesday it plans to invest about $9.5 billion across its U.S. offices and data centers this year, up from $7 billion last year. Google said the investment will create at least 12,000 full-time jobs in 2022 and focus on data centers in several states including Nevada, Nebraska and Virginia. Google will continue to invest …

Google propels record Alphabet revenue, driving shares up 8%
3 years, 1 month ago

Google propels record Alphabet revenue, driving shares up 8%

The Hindu  

Google parent Alphabet Inc reported record quarterly sales that topped expectations on Tuesday, as its internet advertising business surged on consumers using Google search as they shopped online and advertisers upping their marketing budgets. Alphabet's sales jumped 32% to $75.3 billion in the fourth quarter, for a third straight quarterly sales record and topping the average estimate of $72 billion …

Google’s Q4 ad sales soar again, parent plans to split stock
3 years, 1 month ago

Google’s Q4 ad sales soar again, parent plans to split stock

Associated Press  

SAN RAMON, Calif. — Google’s digital advertising empire turned in another strong performance during the holiday shopping season, propelling a 36% increase in its corporate parent’s profit during the final three months of 2021. In last year’s October-December period, Google raked in $61.2 billion in ad sales, a 33% increase from the same period in the previous year. Lowering the …

Google parent Alphabet beats earnings expectations
3 years, 1 month ago

Google parent Alphabet beats earnings expectations

Al Jazeera  

The search-engine giant’s internet advertising and cloud computing businesses benefitted from a surge in online shopping. Alphabet Inc and its Google unit on Tuesday reported higher-than-expected fourth-quarter sales as the search-engine giant’s internet advertising and cloud computing businesses benefitted over the holiday season from the growing surge in online shopping. The company’s third straight quarter of record sales reflects the …

Google’s parent Alphabet breaches $2 trillion in market value
3 years, 4 months ago

Google’s parent Alphabet breaches $2 trillion in market value

Al Jazeera  

Bulls see the stock rising further, fuelled by a rebound in spending on digital ads and growth in its cloud business. Google parent Alphabet Inc. rallied Monday to breach $2 trillion in market value for the first time, fueled by a rebound in spending on digital ads and growth in its cloud business. Alphabet trades around 24 times forward earnings, …

Google parent Alphabet posts profit over $18 billion in third quarter; Twitter suffers $537 million loss
3 years, 4 months ago

Google parent Alphabet posts profit over $18 billion in third quarter; Twitter suffers $537 million loss

Firstpost  

From July to September, its video service sold $7.2 billion of advertising space targeted according to content and users, against $5 billion in the same period last year, according to Alphabet San Francisco, United States: Google’s parent company Alphabet announced profits Tuesday that jumped to $18.9 billion, even as the online colossus faces increased regulatory pressure and shifting of the …

Google growth marred by disappointing result in YouTube, cloud computing sectors
3 years, 4 months ago

Google growth marred by disappointing result in YouTube, cloud computing sectors

Hindustan Times  

Google parent Alphabet Inc. reported quarterly sales that topped Wall Street estimates, reflecting robust advertiser spending, but disappointing results from its YouTube and cloud-computing divisions weighed on the stock. Chief Executive Officer Sundar Pichai has tried to keep Alphabet’s revenue engine chugging along by prioritising three areas: e-commerce, YouTube, and cloud computing. Chief Financial Officer Ruth Porat said on a …

Google parent sees record quarterly profits on back of retail ads
3 years, 7 months ago

Google parent sees record quarterly profits on back of retail ads

Al Jazeera  

With consumers spending more time online during the pandemic, retailers have been pushing to reach them there. Google parent Alphabet Inc’s quarterly revenue and profit surged to record highs, the company reported on Tuesday, powered by a rise in advertising spending as more consumers shopped online. Advertising revenue for the company’s streaming video platform YouTube jumped 83.7 percent from the …

Alphabet’s stock jumps on beating sales forecasts, new $50-billion share buyback
3 years, 10 months ago

Alphabet’s stock jumps on beating sales forecasts, new $50-billion share buyback

LA Times  

Google CEO Sundar Pichai testifies during a House Judiciary subcommittee hearing on antitrust last year in Washington. Google parent Alphabet Inc. reported quarterly sales that topped Wall Street estimates, powered by an increase in digital ad spending by businesses looking to expand during the pandemic reopening. Ruth Porat, chief financial officer, said the results “reflect elevated consumer activity online and …

Google ads, cloud boost Alphabet Inc's profits to $15.2 billion in Q4 2020
4 years, 1 month ago

Google ads, cloud boost Alphabet Inc's profits to $15.2 billion in Q4 2020

Firstpost  

Google’s digital advertising empire is regaining the momentum it lost during the pandemic’s early stages as its YouTube video service matures into a major marketing magnet and other companies pour more into promotions aimed at cooped-up consumers with money to spend. The Mountain View, California, company also disclosed that a change to account for Google’s computer servers and other equipment …

Alphabet shares leap as Google beats estimates, but Cloud lags
4 years, 1 month ago

Alphabet shares leap as Google beats estimates, but Cloud lags

Al Jazeera  

Alphabet’s Cloud unit is losing $5.6bn a year, and the company has faced questions over whether it can spin the cash from its successful advertising business into a profitable new venture. Alphabet Inc on Tuesday beat fourth-quarter sales expectations as advertising customers unleashed budgets for the holidays, and the Google owner disclosed for the first time that its Cloud unit …

Google Parent Alphabet Suffers First Revenue Loss in Company History Due to Covid-19 Fallout
4 years, 7 months ago

Google Parent Alphabet Suffers First Revenue Loss in Company History Due to Covid-19 Fallout

News 18  

Despite strong growth in Google Cloud, Alphabet saw its revenue declining for the first time to $38.3 billion in the quarter that ended June 30. "We're working to help people, businesses and communities in these uncertain times," said Alphabet and Google CEO Sundar Pichai. "As people increasingly turn to online services, our platforms — from Cloud to Google Play to …

Amid the pandemic, Big Tech reports mixed earnings
4 years, 7 months ago

Amid the pandemic, Big Tech reports mixed earnings

Associated Press  

Big Tech companies reported mixed quarterly earnings on Thursday, a day after their top executives faced a tough congressional grilling over their market power and alleged monopolistic practices. Revenue from Google’s core search business declined nearly 10%, though Chief Financial Officer Ruth Porat said there were signs of improvement at the end of the quarter as internet users searched for …

Discover Related